Natural Gas - 4 hourly

Natural gas has now filled the gap and is testing trendline support.

Natural Gas gapped higher on Monday but has since filled the gap into what was resistance, now turned support. While doing so, natural gas has also formed a minor upside support trendline. A break below the yellow line will likely indicate further consolidation in the commodity. It's not until a break of the blue downtrend support would that indicate a more negative outlook. A further break of that line could see gas test the $2.500 lows. A break below here could then see natural gas aim towards $2.100 - Winter temperatures in the EU & USA be a huge driving factor to a further drop though. Towards the upside, if support of the yellow line can hold then a move towards $2.800 could be on the cards. With further upside targetting $2.900 and then $3.000 and $3.047.